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Armada Metals Ltd. ( (AU:RLL) ) has issued an update.
Rapid Lithium Limited has renegotiated the payment terms for its acquisition of the Ingersoll Project, allowing it to proceed with initial drilling activities. Additionally, the company has decided not to pursue the acquisition of New Energy (US) Inc from Patriot Lithium Limited, choosing instead to focus on its existing projects, including the promising Prophet River Gallium-Germanium Project. This strategic move positions Rapid Lithium to prioritize exploration on its fully permitted land in South Dakota and advance its initiatives in British Columbia.
More about Armada Metals Ltd.
Rapid Lithium Limited operates in the mining industry with a focus on lithium exploration. The company is involved in acquiring and developing projects primarily in the USA and Canada, aiming to strengthen its portfolio in the lithium and gallium-germanium markets.
Average Trading Volume: 466,013
Technical Sentiment Consensus Rating: Buy
For detailed information about RLL stock, go to TipRanks’ Stock Analysis page.
